Facility Period definition

Facility Period means the period starting on the date of this Agreement and ending on such date as all obligations whatsoever of all of the Security Parties under or pursuant to the Security Documents whensoever arising, actual or contingent, have been irrevocably paid, performed and/or complied with;

Facility Period means the period beginning on the date of this Agreement and ending on the date when the whole of the Indebtedness has been repaid in full and the Security Parties have ceased to be under any further actual or contingent liability to the Finance Parties under or in connection with the Finance Documents.

Facility Period means the period beginning on the date of this Agreement and ending on the date when the whole of the Indebtedness has been paid in full and the Security Parties have ceased to be under any further actual or contingent liability to the Finance Parties under or in connection with the Finance Documents.

Examples of Facility Period in a sentence

• The Parent undertakes that this clause 20 will be complied with throughout the Facility Period.

• Each Obligor further undertakes if any vessel that is or was a Mortgaged Ship is to be scrapped during the Facility Period, such vessel shall be recycled at a recycling yard which conducts its recycling business in a socially and environmentally responsible manner, in accordance with the provisions of the Hong Kong Convention.

• The Borrower and the Parent undertake that this clause 19 will be complied with throughout the Facility Period.

• If, at any time during the Facility Period, a Borrower wishes to enter into any Treasury Transaction so as to hedge all or any part of its exposure under this Agreement to interest rate fluctuations, it shall advise the Agent in writing.

• There will be no change in the shareholdings of each Borrower (which shall be directly or indirectly wholly owned by the Parent) throughout the Facility Period without the prior written consent of all Lenders.

More Definitions of Facility Period

Facility Period means the period from and including the date of this Agreement to and including the date on which the Total Commitments have reduced to zero and all indebtedness of the Obligors under the Finance Documents has been fully paid and discharged.

Facility Period is the period beginning on this date and continuing until one year from the date of this Agreement, unless the period is terminated sooner by Bank with notice to Borrower or by Borrower pursuant to Section 4.3." and inserting in lieu thereof the following:

Facility Period means the period starting on the Drawdown Date and ending on such date as the Lender determines that all payment obligations whatsoever of the Borrower under or pursuant to the Loan Documents whensoever arising, actual or contingent, have been irrevocably paid;

Facility Period means the period beginning on the Execution Date and ending on the date when the whole of the Loan Outstandings and all other amounts due and owing under this Agreement have been repaid in full and the Borrower has ceased to be under any further actual liability to the Lender Finance Parties under or in connection with the Security Documents.

Facility Period is the period beginning on this date and continuing until June , 2004, unless the period is terminated sooner by Bank with notice to Borrower or by Borrower under Section 3.6.

Facility Period is the period beginning on this date and continuing until one year from the date of this Agreement, unless the period is terminated sooner by Bank with notice to Borrower or by Borrower pursuant to Section 4.3.

Facility Period is the period beginning on this date and continuing until MARCH 21, 2001, unless the period is terminated sooner by Bank with notice to Borrower or by Borrower under Section 3.5.